form of acquisition usually followed by a merger. Takeover can be hostile or friendly. The public tender offer is a means of acquiring a target firm against the wishes of management. In a friendly takeover the acquiring firm negotiates with the targeted company, and common agreement is reached in an amiable atmosphere for subsequent approval by shareholders.
change in the controlling interest of a corporation. A takeover may be in the form of a friendly acquisition and merger or an unfriendly bid that the management of the target company might fight with shark repellent techniques.
change in the controlling interest of a corporation. A takeover may be a friendly acquisition or an unfriendly bid that the target company may fight with shark repellent techniques. A hostile takeover (aiming to replace existing management) is usually attempted through a public tender offer. Other approaches might be unsolicited merger proposals to directors, accumulations of shares in the open market, or proxy fight that seek to install new directors.
